Energy Tax Credit Facts

 
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Old 09-23-2009, 11:41 AM   #1
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Energy Tax Credit Facts


Sitting home today doing some research cause HO pulled the plug on part of the job I was going to start.
He wants to forgo part of the remodel because he figured he could get a tax credit for two separate years if we did did the other half next year.
After extensive surfing I found some facts that may help others that may be faced with the same situation.

First;
You are limited to the $1500 tax credit for 2009 and 2010 filing years.
(I hope this convinces him to go forward)

Here's the link:
http://energystar.custhelp.com/cgi-b...X3RleHQ9MjkyOA**

Second;
And maybe an added selling point,if filing separately, and claiming separate expenses,a$1500 tax credit can turn into a $3000 credit.
That Link;
http://energystar.custhelp.com/cgi-b...Q9MjkyOA%2A%2A

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Old 09-23-2009, 03:13 PM   #2
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Re: Energy Tax Credit Facts


Thanks for that second link.
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Thanks for that tidbit of information Darcy.
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Old 09-23-2009, 06:26 PM   #3
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Re: Energy Tax Credit Facts


Good info Thanks for the share!
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Old 09-23-2009, 06:29 PM   #4
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Re: Energy Tax Credit Facts


Quote:
Originally Posted by oldfrt View Post
He wants to forgo part of the remodel because he figured he could get a tax credit for two separate years if we did did the other half next year.
Maybe you can convince him to do the whole project now (taking advantage of $1,500 tax credit for 2009) and hope it reflects in his tax return...
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Old 09-23-2009, 06:45 PM   #5
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Re: Energy Tax Credit Facts


FYI....ABC supply is hosting a tax credit seminar next week in Avon MA, I would suspect that most branches are offering this seminar. It is more a of a sales seminar, on how it works, so you do not oversell the program, and get burnt later.
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Old 09-23-2009, 07:08 PM   #6
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Re: Energy Tax Credit Facts


Quote:
Originally Posted by CookeCarpentry View Post
Maybe you can convince him to do the whole project now (taking advantage of $1,500 tax credit for 2009) and hope it reflects in his tax return...

I'm still hoping,but ran into another snafu,when I went to verify window measurements today.

Part of his block foundation has settled,and needs to be addressed before I can do some of the work.
Now,to keep going, I have to convince him to let me secure the wall above it against settling by doing a little jacking, and putting in some supports on top of a steel girder across the basement floor until a mason can get in there.
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